Articles tagged with Ban
Transpower Board Reappoints Directors Dewes and Coppage Through 2029
9 hours ago | 38 viewsDirectors Whaimutu Dewes and Owen Coppage have been reappointed to the Transpower Board until 2029 to provide governance continuity during a $13 billion investment programme. Dewes offers expertise in governance, risk management, and stakeholder relations, while Coppage brings skills in energy utilities, technology, and digital transformation. Additionally, Rukumoana Schaafhausen was reappointed to Kiwi Group Capital’s board, bringing extensive commercial and Crown governance experience in the banking sector.
Tags: Whaimutu Dewes Owen Coppage Simeon Brown Rukumoana Schaafhausen Transpower Board Kiwi Group Capital Kiwibank State Owned Enterprises energy sector governanceNew Zealand Launches Gas Transition Loan Guarantee Scheme to Support Businesses
3 days ago | 76 viewsThe Gas Transition Loan Guarantee Scheme, launched by the New Zealand government, aims to help businesses reduce reliance on gas by providing loan guarantees covering 80% of default risk, enabling banks to offer better lending terms and unlock up to $1.2 billion in financing. This initiative supports regional industries facing high gas prices and supply uncertainty by promoting energy efficiency and alternative energy investments to maintain competitiveness and protect jobs. Additionally, the Energy Efficiency and Conservation Authority offers independent support to help businesses assess energy options and plan practical transitions.
Tags: Nicola Willis Simeon Brown Shane Jones Gas Transition Loan Guarantee Scheme New Zealand Energy Efficiency and Conservation Authority ANZ ASB BNZ KiwibankNew Zealand to Launch Monthly Inflation Data Reporting from July 2027
1 week ago | 178 viewsNew Zealand will begin releasing monthly Consumer Price Index (CPI) data from July 2027, providing more timely inflation information alongside the existing quarterly reports to enhance economic decision-making. This phased transition aims to maintain data quality and trust while offering frequent updates to households, businesses, and government agencies. Preliminary monthly reports will be published in May and June 2027, with regular monthly and quarterly CPI releases starting in August 2027.
Tags: Scott Simpson Statistics Minister New Zealand Consumers Price Index CPI Stats NZ Reserve Bank inflation data economic statistics monthly CPINZ Inflation Hits 4.1% Due to Oil Price Surge; Govt Emphasizes Fiscal Discipline
1 week ago | 198 viewsToday’s inflation rate of 4.1% is largely driven by a global oil price shock, with petrol and diesel prices rising significantly, while core inflation remains within the Reserve Bank's target range. Finance Minister Nicola Willis emphasizes the Government’s prudent response, including targeted support for those most affected by fuel costs and maintaining fiscal discipline to avoid exacerbating inflation. Despite global volatility, New Zealand’s economy is projected to grow steadily with job creation and wages outpacing inflation, supporting long-term affordability and resilience.
Tags: Nicola Willis Finance Minister Stats NZ Consumers Price Index inflation petrol prices diesel prices Reserve Bank New Zealand Government Middle East conflictRenewed Petroleum Exploration in Taranaki Basin as NZ Lifts Ban
3 weeks ago | 305 viewsNew Zealand has received its fifth petroleum permit application since lifting the exploration ban, with Taranaki Energy Pty Ltd applying to prospect in deepwater offshore Taranaki, an underexplored but highly prospective area. The proposed two-year work program involves seismic data reprocessing, basin modeling, and target identification to guide future investments, reflecting renewed momentum and growing confidence in the sector. The government’s open market regime allows continuous competitive applications, which will be assessed based on technical, financial, and compliance criteria to support energy security and economic resilience.
Tags: Shane Jones Taranaki Basin New Zealand Petroleum and Minerals Taranaki Energy Pancontinental Energy petroleum exploration exploration ban Minerals Programme for Petroleum 2025 Crown Minerals Act 1991 deepwater offshore TaranakiNew Zealand Unifies AML/CFT Regulation Under DIA to Combat Financial Crime
1 month ago | 301 viewsNew Zealand’s Department of Internal Affairs (DIA) has become the sole regulator for anti-money laundering and counter-financing of terrorism (AML/CFT), consolidating oversight of about 6,100 reporting entities to provide clearer guidance and reduce compliance burdens. The government has passed multiple reform bills and launched a four-year AML/CFT National Strategy (2026–2030) aimed at making it easier to do business while targeting organized crime and fraud. An industry levy, starting in July 2027 and designed with sector input, will help fund enhanced intelligence sharing, supervision, and regulatory administration to strengthen New Zealand’s ability to detect and disrupt money laundering.
Tags: Nicole McKee Department of Internal Affairs New Zealand Financial Markets Authority Reserve Bank Ministry of Justice Financial Intelligence Unit organised crimeNew Regulatory Standards Act Empowers Kiwis to Challenge Bad Regulations
1 month ago | 291 viewsThe Regulatory Standards Act (2025) establishes the Regulatory Standards Board to protect New Zealanders by increasing transparency around the costs and impacts of regulations on property rights and personal liberties. The Board reviews Consistency Accountability Statements, handles public complaints about bad regulations, and can assess existing laws to ensure accountability and inform voters. With over 260 regulators in New Zealand, this Act aims to provide clearer information on regulatory costs and empower citizens to hold policymakers responsible.
Tags: Regulatory Standards Act Regulatory Standards Board David Seymour New Zealand Public Finance Act Reserve Bank Act Bill of Rights Act Consistency Accountability Statements Ministry for Regulation KiwisNew Appointments Strengthen New Zealand Infrastructure Commission Leadership
1 month ago | 308 viewsInfrastructure Minister Chris Bishop announced the reappointment of Sue Tindal as Deputy Chair and the appointment of Natasha Possenniskie as a new director to the New Zealand Infrastructure Commission board. Tindal’s extensive financial and governance experience, along with Possenniskie’s 25 years in infrastructure planning and delivery, will enhance the Commission’s capacity to provide strategic oversight and robust project assurance. These appointments demonstrate the Government’s commitment to strengthening leadership and expertise to fulfill the Commission’s expanded mandate and improve infrastructure outcomes in New Zealand.
Tags: Chris Bishop Sue Tindal Natasha Possenniskie New Zealand Infrastructure Commission KiwiRail Auckland Council PwC Commonwealth Bank of Australia Urban Outcomes Limited Massey UniversityNew Zealand Social Housing Reform: Progress, Challenges, and Future Plans 2026
1 month ago | 374 viewsThe Government acknowledges the broken social housing system and housing crisis driven by unaffordable housing and planning barriers, committing to reforms focused on building the right homes for those most in need through initiatives like the Housing Investment System, Kāinga Ora Turnaround Plan, and Flexible Fund. Significant progress includes stabilizing house prices and rents, reducing Kāinga Ora's debt, increasing social housing stock, lowering financing barriers for Community Housing Providers, and establishing a data-driven Housing Investment Plan to target resources effectively. The ongoing Review of Social Housing aims to create a fairer, more efficient system by refocusing support on those most in need, improving incentives for tenant independence, and working collaboratively with stakeholders to develop sustainable, long-term solutions.
Tags: Paul Gilberd Damon Salesa James Palmer Kāinga Ora Ngāti Whātua Orakei Community Housing Aotearoa Ministry of Housing and Urban Development Ministry of Social Development Social Investment Agency Social Housing ReviewAustralia-New Zealand Leaders Strengthen Cooperation and Trade Ties in 2024 Meeting
1 month ago | 472 viewsPrime Ministers Christopher Luxon and Anthony Albanese concluded their Annual Leaders’ meeting with a commitment to deepen cooperation and strengthen the Australia-New Zealand partnership, focusing on economic resilience, defense, and regional goals in the Indo-Pacific. They addressed fuel supply challenges and discussed enhancing trade, investment, and innovation amid geopolitical uncertainties. Luxon's visit also included talks on opportunities for New Zealand businesses related to the Brisbane 2032 Olympics before returning home.
Tags: Christopher Luxon Anthony Albanese Australia New Zealand Queensland David Crisafulli Brisbane 2032 Olympics Australia New Zealand Leadership ForumPrime Minister Luxon Visits Australia for Leaders’ Meeting and Economic Talks
2 months ago | 588 viewsPrime Minister Christopher Luxon will visit Australia for the annual Australia-New Zealand Leaders’ Meeting and various bilateral and business engagements, including discussions with Prime Minister Anthony Albanese on economic growth and regional cooperation. The visit aims to strengthen trans-Tasman trade, investment, and innovation, with additional meetings involving Queensland officials and the Brisbane 2032 Olympic Committee to explore opportunities for New Zealand businesses. Luxon emphasizes the importance of close collaboration with Australia amid global uncertainties and will travel from tomorrow until Saturday.
Tags: Christopher Luxon Anthony Albanese David Crisafulli Australia New Zealand Brisbane 2032 Olympics QueenslandCommerce Commission Proposes Cut to Company Card Fees Saving NZ Businesses $40M Annually
2 months ago | 430 viewsThe Commerce Commission has proposed reducing the fees businesses pay to accept company cards, potentially saving retailers around $40 million annually and contributing to a total expected saving of up to $290 million per year for businesses. Commerce Minister Cameron Brewer highlighted that current interchange fees in New Zealand are nearly double those in Australia and unfairly burden businesses, which often pass these costs onto consumers through higher prices. The draft decision is open for consultation, with a final ruling expected later this year, aiming to ensure fairer payment processing costs and benefits for both businesses and consumers.
Tags: Commerce Commission Cameron Brewer retailers interchange fees company cards businesses consumers New Zealand Government banksNew Zealand Imposes Travel Bans on Extremist Israeli Settlers Over West Bank Violence
2 months ago | 457 viewsNew Zealand, alongside partners like Australia and the EU, has imposed travel bans on three extremist Israeli settlers involved in expanding illegal West Bank settlements through violence. Foreign Minister Winston Peters emphasized that these bans target individuals destabilizing the region and do not reflect opposition to the Israeli people or government. New Zealand reaffirms its stance that settlement expansion violates international law and continues to support a negotiated two-state solution for lasting peace.
Tags: Winston Peters Itamar Yehuda Levi Harel David Libi Eliav Libi New Zealand Australia European Union Israeli settlers West BankNew Zealand Seniors to Get Photographic ID Option on SuperGold Card by 2028
2 months ago | 464 viewsNew Zealand’s SuperGold card will be upgraded to include a photographic ID option, allowing seniors to use it as an official form of identification for accessing essential services. The government is investing $42.9 million to modernize the card, which will be available in physical and digital forms and remain free for those aged 65 and over. The rollout is expected to begin in October 2028, with interim options for photo ID available at AA offices.
Tags: New Zealand SuperGold Card seniors Casey Costello Budget 2026 identification older New Zealanders AA office banking services legal servicesBudget 2026 Introduces Prudential Levy on NZ Banks and Financial Firms
2 months ago | 502 viewsBudget 2026 introduces a new prudential levy on banks, non-bank deposit takers, insurers, and financial market participants to cover Reserve Bank regulatory costs, aligning with international practices and ensuring taxpayers do not bear these expenses. The levy, expected to raise around $209 million over four years, will be paid to the Reserve Bank and returned to the government via increased dividends, with implementation planned for mid-2027 after consultation. This measure aims to strengthen New Zealand’s financial system by funding supervision, licensing, monitoring, and crisis management of regulated entities, including 27 banks, 14 non-bank deposit takers, 81 insurers, and five financial market infrastructures.
Tags: Budget 2026 prudential levy Reserve Bank Nicola Willis Financial Markets Authority Commerce Commission New Zealand banks insurers financial market participants financial regulation